永泰能源集团股份有限公司 2024 年度董事会审计委员会对会计师事务所 履行监督职责情况的报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理准 则》《国有企业、上市公司选聘会计师事务所管理办法》《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》和《永泰能源集团股份有限公司章程》 《董事会专门委员会工作细则》等规定和要求，公司董事会审计委员会（以下简 称"审计委员会"）本着勤勉尽责的原则，恪尽职守、认真履职，对和信会计师事 务所（特殊普通合伙）（以下简称"和信会计师事务所"）2024 年度审计工作情况 履行了监督职责，现将具体情况报告如下： 一、2024 年年审会计师事务所基本情况 （一）会计师事务所基本情况 和信会计师事务所成立于 1987 年 12 月，转制为特殊普通合伙时间为 2013 年 4 月 23 日，注册地址为山东省济南市文化东路 59 号盐业大厦 7 楼。 和信会计师事务所首席合伙人为王晖先生，2024 年度末合伙人数量为 45 人、 注册会计师人数为 254 人，其中：签署过证券服务业务审计报告的注册会计师人 数为 139 人。 和信会计师事务所 2024 年 ...

关于永泰能源集团股份有限公司 非经营性资金占用及其他关联方资金往 来情况的专项说明 和信专字(2025) 第 000273 号 码 页 目 录 1-2 一、非经营性资金占用及其他关联方资金往来情况的专项说明 3 二、非经营性资金占用及其他关联方资金往来情况汇总表 和信会计师事务所 (特殊普通合伙) 二〇二五年四月二十五日 永泰能源集团股份有限公司 报告正文 依据中国证券监督管理委员会、中华人民共和国公安部、国务院国有资产监 督管理委员会和中国银行保险监督管理委员会印发的《上市公司监管指引第 8 号 一上市公司资金往来、对外担保的监管要求》(证监会公告[2022]26 号),以及上 海证券交易所的相关披露要求,永泰能源编制了本专项说明后附的 2024年度非经 营性资金占用及其他关联方资金往来情况汇总表(以下简称"汇总表")。如实编制 和对外披露汇总表并确保其真实、合法、完整是永泰能源管理层的责任。我们的责 任是对上述汇总表进行审核,并出具专项说明。 我们对汇总表所载资料与我们审计永泰能源 2024 年度财务报表时所复核的 会计资料和经审计的财务报表的相关内容进行了核对,在所有重大方面未发现不 一致之处。除了对永 ...

二、煤炭产品主要经营数据 | 项 目 | 年 2025 | 年 2024 | 同比增减（%） | | --- | --- | --- | --- | | | 第 季度 1 | 第 季度 1 | | | 原煤产量（万吨） | 291.11 | 239.52 | 21.54 | | 洗精煤产量（万吨） | 48.67 | 67.44 | -27.83 | | 原煤销售量（万吨） | 290.45 | 237.42 | 22.34 | | 洗精煤销售量（万吨） | 44.54 | 61.78 | -27.91 | | 煤炭采选销售收入（万元） | 115,884.89 | 217,958.57 | -46.83 | | 煤炭采选销售成本（万元） | 82,619.68 | 94,882.28 | -12.92 | | 毛利（万元） | 33,265.21 | 123,076.29 | -72.97 | 证券代码：600157 证券简称：永泰能源 公告编号：临 2025－029 永泰能源集团股份有限公司 2025年第一季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗 ...

证券代码：600157 证券简称：永泰能源 公告编号：临 2025－027 永泰能源集团股份有限公司 2025 年第一季度担保情况公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ●被担保人名称：山西康伟集团孟子峪煤业有限公司（以下简称"孟子峪煤 业"）、张家港华兴金城电力有限公司（以下简称"华兴金城电力"）、丹阳中鑫 华海清洁能源有限公司（以下简称"丹阳中鑫华海"）、山西康伟集团有限公司（以 下简称"康伟集团"）、郑州裕中能源有限责任公司（以下简称"裕中能源"）、张 家港沙洲电力有限公司（以下简称"张家港沙洲电力"）、山西灵石银源华强煤业 有限公司（以下简称"华强煤业"）、张家港华兴电力有限公司（以下简称"张家 港华兴电力"）、张家港华兴能源工程有限公司（以下简称"华兴能源工程公司"）、 山西灵石华瀛金泰源煤业有限公司（以下简称"金泰源煤业"）、山西灵石华瀛荡 荡岭煤业有限公司（以下简称"荡荡岭煤业"）、山西康伟集团南山煤业有限公司 （以下简称"南山煤业"）。 ●本季度担保金额：本季度担保及质押金额 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report emphasizes the importance of coal allocation, highlighting a stable economic environment as indicated by the political bureau meeting, which focuses on stability [1][3] - The coal sector is viewed as entering a "Golden Era 2.0," with core value assets expected to rise again due to favorable macroeconomic policies and capital market support [4][12] - The report suggests that coal stocks are attractive for both stable dividend investment and cyclical rebound potential, with expectations of improved demand and prices following policy implementations [4][12] Summary by Sections Investment Logic - The coal sector is seen as a stable dividend investment due to weak domestic economic performance and favorable international monetary policies [4][12] - The cyclical rebound potential is highlighted, with both thermal and coking coal prices expected to stabilize and rebound as supply-demand fundamentals improve [4][12] - The report identifies key coal stocks that are likely to benefit from these trends, categorized into dividend logic, cyclical logic, diversified aluminum elasticity, and growth logic [4][12] Key Indicators Overview - The coal market experienced a slight decline of 0.63%, underperforming the CSI 300 index by 1.02 percentage points [7][9] - The current PE ratio for the coal sector is 10.6, and the PB ratio is 1.2, indicating relatively low valuations compared to other sectors [9] Thermal Coal Industry Chain - As of April 25, the price of Qinhuangdao Q5500 thermal coal is 655 CNY/ton, down 1.21% from the previous week [15] - The operating rate of coal mines in Shanxi, Shaanxi, and Inner Mongolia is 81%, reflecting a slight decrease [15] - The total inventory at ports in the Bohai Rim is 31.09 million tons, down 2.66% from the previous week [15] Coking Coal Industry Chain - The price of main coking coal at the Jing Tang port remains stable at 1380 CNY/ton [16] - The average daily pig iron production from major steel mills is 2.444 million tons, showing a week-on-week increase [16] - The profitability of major steel mills has improved, supporting the demand for coking coal [16]

2025 年 04 月 27 日 政治局会议传递"稳"字当头，否极泰来重视煤炭配置 ——行业周报 投资评级：看好（维持） 行业走势图 数据来源：聚源 -29% -19% -10% 0% 10% 19% 29% 2024-04 2024-08 2024-12 煤炭 沪深300 相关研究报告 《火电降幅收窄叠加进口减量，否极 泰来重视煤炭配置 —行业周报》- 2025.4.20 《贸易摩擦升级内需有望发力，否极 泰来重视煤炭配置 —行业周报》- 2025.4.13 开 源 证 券 证 券 研 究 煤炭 请务必参阅正文后面的信息披露和法律声明 1/31 《美国关税超预期致市场趋于避险， 重视煤炭攻守兼备 —行业周报》- 2025.4.6 张绪成（分析师） zhangxucheng@kysec.cn 证书编号：S0790520020003 本周要闻回顾：政治局会议传递"稳"字当头，否极泰来重视煤炭配置 （1）动力煤方面：从价格端来看，本周动力煤港口价格小跌，截至 4 月 25 日，秦 港 Q5500 动力煤平仓价为 655 元/吨，环比下跌 8 元/吨，跌幅 1.21%；CCTD 动力 煤现货价（Q5500）为 66 ...

今日涨跌幅居前的概念板块 碳交易概念资金流入榜 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 603359 | 东珠生 态 | 10.03 | 21.91 | 19299.50 | 31.46 | | 000966 | 长源电 力 | 10.00 | 5.47 | 19158.19 | 23.65 | | 600157 | 永泰能 源 | 2.96 | 3.97 | 12254.02 | 9.99 | | 000722 | 湖南发 展 | 10.00 | 14.63 | 11360.73 | 13.43 | | 600744 | 华银电 力 | 10.13 | 1.28 | 7677.44 | 69.64 | | 600160 | 巨化股 份 | 1.66 | 0.82 | 4736.23 | 8.50 | | 000591 | 太阳能 | 2.07 | 1.56 | 3927.62 | 15.93 | | 60166 ...

Market Overview - The Shanghai Composite Index fell by 0.07% on April 25, with 21 out of the 28 sectors experiencing gains, led by utilities and telecommunications, which rose by 1.36% and 1.15% respectively [1] - The real estate and coal sectors had the largest declines, with decreases of 0.60% and 0.59% respectively [1] Capital Flow - The net inflow of capital in the two markets was 4.975 billion yuan, with 14 sectors seeing net inflows [1] - The computer sector had the highest net inflow, totaling 3.368 billion yuan, while the utilities sector followed with a net inflow of 1.581 billion yuan [1] Coal Industry Analysis - The coal sector experienced a decline of 0.59% with a net outflow of 19.4741 million yuan [2] - Among the 37 stocks in the coal sector, 16 stocks rose while 20 stocks fell [2] - The top five stocks with net inflows exceeding 10 million yuan included Yongtai Energy (1.23 billion yuan), Zhengzhou Coal Electricity (417.494 million yuan), and China Shenhua (338.088 million yuan) [2][3] - The stocks with the highest net outflows included Huaibei Mining (-43.6057 million yuan), Hengyuan Coal Electricity (-39.3828 million yuan), and Shaanxi Coal and Chemical Industry (-34.1931 million yuan) [2][3] Individual Stock Performance - The top three stocks with the largest net outflows were: - Huaibei Mining: -43.6057 million yuan - Hengyuan Coal Electricity: -39.3828 million yuan - Shaanxi Coal and Chemical Industry: -34.1931 million yuan [2][3] - The stock with the highest net inflow was Yongtai Energy, with a net inflow of 1.2254 billion yuan [3]

Core Viewpoint - The A-share market shows mixed performance with the CSI 500 Value Index rising by 0.34% to 8099.47 points, while it has experienced declines of 4.52% in the past month, 1.84% in the past three months, and 4.57% year-to-date [1] Group 1: Index Performance - The CSI 500 Value Index has a current trading volume of 30.773 billion yuan [1] - The index is part of a series that includes the CSI 500 Growth Index, which is calculated based on growth and value factors [1] Group 2: Index Holdings - The top ten holdings of the CSI 500 Value Index include Suzhou Bank (1.98%), Yongtai Energy (1.71%), and Dongwu Securities (1.71%) [2] - The index's holdings are primarily from the Shanghai Stock Exchange (65.03%) and Shenzhen Stock Exchange (34.97%) [2] - The industry distribution of the index includes Materials (21.90%), Financials (15.03%), and Industrials (14.48%) among others [2] Group 3: Index Adjustment Mechanism - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - New samples are prioritized based on value factor scores, with a maximum adjustment ratio of 30% [3] Group 4: Related Funds - Public funds tracking the CSI 500 Value Index include the Yinhua CSI 500 Value ETF [4]

Investment Rating - The investment rating for the coal industry is "Positive" (maintained) [1] Core Viewpoints - The report emphasizes the importance of coal allocation due to the narrowing decline in thermal power and reduced imports, indicating a potential recovery in the coal market [1][3] - The coal market is expected to enter a "Golden Era 2.0," with core value assets likely to rise again, supported by stable domestic production and improving supply-demand fundamentals [4][12] Summary by Sections Investment Logic - The current weak domestic economic performance and external pressures from tariff policies are leading to a favorable environment for coal as a stable dividend investment [4][12] - The cyclical elasticity of coal stocks is highlighted, with both thermal and coking coal prices at low levels, suggesting potential for rebound as supply-demand conditions improve [4][12] Key Indicators Overview - The coal sector saw a small increase of 2.71%, outperforming the CSI 300 index by 2.12 percentage points [7][9] - The current PE ratio for the coal sector is 10.5, and the PB ratio is 1.2, indicating relatively low valuations compared to other sectors [9][13] Coal Price Trends - Port coal prices have stabilized, with CCTD Q5500 pricing at 674 CNY/ton, a slight decrease of 2 CNY/ton [3][15] - Domestic coal production remains stable, with a reported industrial raw coal output of 440 million tons in March, a year-on-year increase of 9.6% [3][12] Supply and Demand Dynamics - As of April 18, the inventory at ports in the Bohai Rim reached 31.948 million tons, an increase of 2.07 million tons (6.9%) [3][15] - Daily coal consumption at coastal power plants totaled 1.774 million tons, a decrease of 83,000 tons (4.47%) compared to the previous period [3][15] Company Performance and Recommendations - Selected coal stocks are expected to benefit from the current market conditions, with recommendations for companies such as China Shenhua, Shaanxi Coal, and China Coal Energy based on their dividend potential [4][12][13] - The report indicates a trend of increasing dividends among coal companies, enhancing their attractiveness as investment options [4][12]